IOIProp to Gain From Higher Wages
IOIProp to Gain From Higher Wages
PETALING JAYA: The higher remuneration for the civil service and increased inbound tourist numbers could benefit IOI Properties Group Bhd's (IOIProp) prospects.
八打靈再也：更高的公務員薪酬和入境遊客人數的增加可能會使IOI地產集團有限公司（IOiProp）的前景受益。
Hong Leong Investment Bank Research (HLIB Research) noted the proposed 13% increase in the remuneration of civil servants and the raising of the minimum wage to RM2,000 a month from December 2024 onwards would benefit IOIProp's residential and commercial property business, especially around Putrajaya.
豐隆投資銀行研究（HLIB Research）指出，提議將公務員的薪酬增加13％，並將最低工資從2024年12月起提高到每月2,000令吉，這將使IoiProp的住宅和商業地產業務受益，尤其是在布特拉賈亞附近。
"This meaningful hike in salary will boost the spending power of civil servants in Putrajaya," the research house stated in a report on the property group.
該研究機構在該房地產集團的報告中表示：“這次有意義的工資增長將提高普特拉賈亞公務員的消費能力。”
It noted the higher wage levels augur well for residential and retail demand in the group's IOI Resort City township in Putrajaya.
它指出，較高的工資水平預示着該集團位於普特拉賈亞的IOI度假城市小鎮的住宅和零售需求。
Its mall there, IOI City Mall, which is the largest in the country with 2.4 million sq ft of net lettable area (NLA), has further expansion plans over Phase 3 and Phase 4.
其在那裏的購物中心IOI City Mall是該國最大的購物中心，擁有240萬平方英尺的淨可出租面積（NLA），在第三和第四階段有進一步的擴建計劃。
Upon completion of Phase 3, the mall's NLA will increase to 3.5 million sq ft.
第三階段完成後，該購物中心的NLA將增加到350萬平方英尺。
The mall also has plans to include a purpose-built concert hall targeted at a younger crowd and a 10-acre central park.
該購物中心還計劃包括一個專門爲年輕人群建造的音樂廳和一個佔地10英畝的中央公園。
The research report did not state when the expansion would be undertaken or completed, but news reports noted that construction work for Phase 3 is scheduled to start this year and be completed by 2029.
研究報告沒有說明擴建工程何時進行或完成，但新聞報道指出，第三階段的施工工作計劃於今年開始，並於2029年完成。
HLIB Research added the 32.5% on-year increase in inbound tourist numbers recorded in the first quarter of this year to 5.8 million would also boost IOIProp's hotel occupancy rates, more so with the group's hotel rooms set to expand by 64% to 3,075 rooms this year from 1,876 at present.
HLIB Research補充說，今年第一季度入境遊客人數同比增長32.5％，達到580萬人，這也將提高IoiProp的酒店入住率，該集團的酒店客房將從目前的1,876間擴大64％至今年的3,075間。
"IOIProp's new asset, W Hotel KL, is currently doing very well and enjoying occupancy rates above 90% and average room rates of above RM1,200," the research house said.
該研究機構表示：“IoiProp的新資產吉隆坡W酒店目前表現良好，入住率超過90％，平均房費超過1,200令吉。”
HLIB Research noted the proposed light rail transit project in Langkawi could present a strategic growth opportunity for IOIProp, which intends to invest in a beachfront resort with a shopping mall and convention centre on the island.
HLIB Research指出，蘭卡威擬議的輕軌交通項目可能爲IoiProp提供戰略增長機會，IoiProp打算投資一個在島上設有購物中心和會議中心的海濱度假勝地。
"These developments, along with the impending unlocking of value of IOIProp's Singapore assets support a positive outlook and a 'buy' call, with an unchanged target price of RM3.30 a share based on a 45% discount to the group's revised net asset value of RM6," the research house said.
該研究機構表示：“這些事態發展，以及IoiProp新加坡資產即將解鎖的價值，爲樂觀的前景和'買入'看漲期權提供了支持，根據集團修訂後的淨資產價值6令吉的45％折扣，目標股價保持不變，爲每股3.30令吉。”
HLIB Research said IOIProp is now on the cusp of unleashing the value from its assets in Singapore, namely IOI Central Boulevard and Marina View Residences developments.
HLIB Research表示，IoiProp現在正處於釋放其在新加坡的資產，即IOI中央大道和濱海景觀公寓開發項目的價值的風口浪尖。
譯文內容由第三人軟體翻譯。